Refineries Recorded N9.6bn Loss In January - NNPC   Nigeria’s refineries started their 2020 financial year with losses as they posted a cumulative operational deficit of N9.6bn in January. The Nigerian National Petroleum Corporation manages the country’s three refineries – the Kaduna Refining and Petrochemical Company, the...

NSE Closes Negative With 1.41% Loss     Transactions on the floor of the Nigerian Stock Exchange (NSE) closed last week on the negative trajectory following profit taking witnessed across major blue-chip firms. Consequently, the NSE All-Share Index and market capitalisation both depreciated by 1.41 per cent to...

Stock Market Extends Decline, Loses N162bn   Activities on the Nigerian Stock Exchange on Thursday closed southwards, extending previous negative sentiment to three consecutive trading sessions, following sell-off recorded by some stocks. However, the market breadth closed positive, recording 17 gainers against 15 losers. Consequently, the All-Share Index...

Power Sector Lost N65.56bn In March     The nation’s power sector lost an estimated N65.56bn in March due to constraints from insufficient gas supply, distribution and transmission infrastructure. Data obtained from the Advisory Power Team in the Office of the Vice President showed that lack of gas...

Airlines Will Post $39bn Loss In Q2 - IATA   The International Air Transport Association says airlines may burn through $61bn of their cash reserves during the second quarter ending 30 June, 2020 while posting a quarterly net loss of $39bn. The association said on Tuesday that...

Stock Market Exit March With N10bn Loss   Activities on the floor of the Nigerian Stock Exchange on Tuesday ended the month of March on the negative rout as investors remained on the sideline following widespread of CONDIV-19 which has led to restriction of movement in...